Hey hey! 🎉 Happy Fri-yay, you amazing human! 🤩
We’ve got a blend of knee-slapping puns and heart-racing crypto news that will make you laugh, pump your fists, and maybe even shed a tear of joy… all in one go! 🤯 So come on, let’s get this crypto party started and see where the weekend takes us! 😎
🐸 Bitcoin frogs NFT project is leaping into action!
💰 Andrew Tate dropped a crypto?
💲 Tether just made a killing, with a net profit of $1.5 billion in Q1…💸 must be nice!
🐕 Doge is going wild, thanks to those DRC-20 tokens
Move Over, Dogs: Bitcoin Frogs NFT Project Leaps
You’ve probably heard of frogs 🐸, or even seen them on Nat Geo. But have you heard of Bitcoin Frogs 🐸, the newest NFT project that’s making waves?
While they might look a bit hideous 🤢, we can’t deny that they’re hopping their way to the top of the NFT market 📈.
These 10,000 Frog NFTs are inscribed on the Lightning chain ⚡️ and will remain in the Bitcoin network forever. Even their own website pokes fun at their creation, with a nod to Frogtoshi Nakamoto and the quote “One fine day I woke up and wanted to put 10,000 frogs on the Bitcoin blockchain at all costs.”
Even the NFT marketplace Magic Eden has seen Frogs trending on the #1 spot 👑, beating out OG projects like the Bored Ape Yacht Club 🦧.
With over $2 million in total volume in 24 hours and a top sold frog for over $50,000 🤑, it’s clear that there’s something to be said for Bitcoin Frogs’ unbridled (unhinged?) success.
But where are ordinals headed next?
The adoption of Bitcoin ordinals has led to debates within the crypto community, raising concerns about rising fees for transactions on the BTC network 💸 — and we’re just a bunch of professional milk experts who can’t predict where this is all leading 🤷♂️.
So, for all you NFT traders out there, we suggest you take a closer look before you make any big investments based on a project’s looks. And for now, we’ll just sit back and enjoy the spectacle of Bitcoin Frogs taking over the NFT scene 🐸 — it’s definitely not something you see every day!
Andrew Tate Dropped A Crypto?
It seems that the controversial kickboxer, Andrew Tate, has dipped his toes into the world of cryptocurrency with his very own token, S*UTS 🤑.
On-chain analyst Crypto Trending did some digging and discovered that the first transfer from the SUTS wallet came from Tate himself and was worth a jaw-dropping 🤯 $6.2 million in Ethereum 💰.
But wait, there’s more! 😱 Our trusty on-chain detective work also uncovered that Tate’s crypto wallets are valued at an astonishing 😳 $84 million! It looks like this kickboxer is packing quite the punch 🥊 when it comes to profits in the crypto world 🌎.
And to top it all off, Tate is apparently part of another token named PEPEXL.
But don’t think that Tate’s crypto adventure hasn’t come without any hiccups 🥴.
In a tweet, he expressed his dismay, asking, “Who are you people? Don’t you have lives? How did you even see my tweet and launch it that fast?” 🤨
Interestingly, Tate has made it clear that he doesn’t endorse any cryptos associated with him, including “Tate Coin,” “Top G Coin,” and “Psyop Coin.” In fact, he seems to take issue with the entire concept of cryptocurrency because he believes that for someone to profit, someone else must lose 💸.
“I don’t want anybody who is associated with me to lose,” Tate explained. 😔 It’s a refreshing take on cryptocurrency from someone who actually cares about their fans and wants to do right by them.
Tether Makes a Killing with $1.5 Billion Net Profit in Q1
Tether, the issuer of the widely popular USDT stablecoin, has been making waves in the crypto world with its recent announcement of 🤑 $1.5 billion in net profit over Q1.
That’s a whole lot of 💰 green for any company to be raking in, and Tether is no exception. But what’s next for the stablecoin issuer?
Well, it seems that Tether is looking to put some of those profits to good use. Maybe they’ll buy a few 🛥️ yachts, or invest in a 🚁 gold-plated helicopter? No, wait, scratch that.
Instead, Tether is looking to invest in “projects and companies within the digital token ecosystem,” according to Paolo Ardoino, Tether’s CTO.
If Tether’s Q2 net profits are anything like their Q1 profits, which were a whopping 🤯 $1.5 billion, then the company could end up buying approximately 🤑 $222 million worth of BTC next quarter. That’s a lot of Bitcoin! And, as we all know, large volume buys tend to drive the price of Bitcoin up.
So, what does that mean for us mere mortals?
Well, it could mean that investors start to feel more confident in the crypto market, seeing Tether’s large investment as a sign of good things to come.
It’s possible that investors may follow Tether’s lead and start buying up more BTC themselves, which could further drive up the price. 📈
Doge Goes Wild Thanks to DRC-20 Tokens
Coinbase has been Ladies and gentlemen, we’ve got some exciting news 🚀 buzzing around the crypto world! Dogecoin, the beloved meme-inspired cryptocurrency, is experiencing a surge in activity 📈 on its network.
On Tuesday, it hit a new all-time high of 719,000 transactions in a single day! 🤯 Holy moly, that’s a whole lot of Dogecoin being traded back and forth.
So, what’s causing this sudden surge in network activity? 🤔 Well, it seems that Doge enthusiasts are following in the footsteps of their BRC-20 counterparts and experimenting with DRC-20 tokens.
But what exactly are DRC-20 tokens, you ask?
Well, they function in much the same way as Bitcoin inscriptions, allowing users to embed data into the smallest unit of the Dogecoin currency. Since fees on the Dogecoin network are relatively cheap, it’s much more cost-effective for users to create, buy, and sell DRC-20 tokens as compared to BRC-20 tokens on the Bitcoin network.
There are two key reasons why this surge in Dogecoin activity matters. Firstly, as the congestion of the Bitcoin network continues to increase, people are starting to look elsewhere for their crypto fix. 👀
And secondly, this spike in Dogecoin activity marks the first time that new innovation has been brought to the network in a while.
But enough about the technical stuff, we want to hear from you, Roadies! Have any of you jumped on the Doge bandwagon and experimented with DRC-20 tokens? 🤔 Or are you more of a hodler when it comes to your Dogecoin investments?
Honorable Mentions 🏆
- 🔍 FTX Takes Legal Action Against SBF to Recover $240M Following Embed Acquisition
- 👨💻 Ledger Sheds Light on Firmware Functionality Amid Deleted Tweet Controversy
- 💡 Cardano Lights Up: Over 1,000 Smart Contracts Added Since the Start of 2023
Crypto Market Watch ft. AI
(This section is exclusively written by AI tools)
Bitcoin needed to hold above the $27,000-27,200 range, but unfortunately, didn’t make it. The long positions were stopped out and now it’s a waiting game.
If the range is reclaimed, there might be another opportunity to jump back in, otherwise, the focus will be on a possible $26,400 sweep or even a $25,000 dip.
It remains to be seen where the real action will be.
Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday. And hey, don’t forget to check us out on Wednesdays for all the latest AI news – because why limit yourself to just one kind of intelligence?
